58-41-18. Factors considered in determining financial responsibility.
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/sd/title-58/chapter-58-41/58-41-18A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In making a determination under subdivision 58-41-17(4), the director may consider:
(1)The financial soundness of the applicant's arrangements for health care services and the proposed schedule of charges used in connection therewith;
(2)The adequacy of its working capital;
(3)Arrangements which will guarantee for a reasonable period of time the continued availability or payment of the cost of health care services in the event of discontinuance of the health maintenance organization;
(4)Agreements with providers for the provision of health care services; and
(5)Any surety bond or deposit of cash or securities submitted in accordance with § 58-41-11 as a guarantee that the obligations will be duly performed.